1. Your former high school buddy invites you to join a start-up that specializes in making counterfeit products. She offers you the job of CEO and 10% of the equity of the firm. The chances of getting caught are slim. You are currently unemployed. How would you respond to her proposition?

2. Some argue that engaging in a "learning race" is unethical. Others believe that a "learning race" is part and parcel of alliance relationships, especially those with competitors. What do you think?